Ethereum News Today
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Software revision seen cutting network electricity use by 99%. Danger of bugs and other hiccups remain as the chain forks.
A planned Ethereum Proof-of-Work fork will credit ETH holders with an equal amount of ETHW on the newly forked chain after the Merge.
ETH remains the people's favourite amidst this persistent bear market, mainly due to its recent feats in network activity and the upcoming merge.
The Ethereum Foundation says it will begin the much anticipated Merge process on September 6th, with an estimated completion date of September 15th-16th.
A handful of 'builders' may hold lots of power after upgrade. Builders may make money via market making, other services.
Cryptocurrencies fell sharply on Friday, with sudden selling dragging Bitcoin to a three-week low.
Final test known as Goerli was completed earlier this week. Developers are expected to set a definite date next week.
Tether's announcement comes after USD Coin (USD) issuer Circle confirmed it was also supporting Ethereum’s upcoming Merge upgrade and switch to a proof-of-stake (PoS) consensus mechanism.
The indicator monitors the extent ETH’s pricing is driven by blockchain network usage versus speculative activity.
Bitcoin and Ethereum bounced after the Federal Reserve’s second consecutive 75-basis-point interest-rate increase, which was in line with market expectations. Bitcoin jumped by almost 7% while Ethereum rose 7.5%.
Ethereum’='s price skyrocketed more than 40% over the weekend following news that its massive software update will happen in September.
"ETH has undergone a rapid change in narrative over the past week, with speculators purely focused on the upcoming 'merge' as a catalyst for appreciation," one observer said.
Galaxy Digital CEO Michael Novogratz has stated that the price of ether and other cryptocurrencies is nearer to the bottom than US equities.
Solana, Avalanche and Polkadot prices tumble as much as 20%. Bitcoin drops less as largest cryptocurrency serves as a haven.
After years of delays, Ethereum co-founder Vitalik Buterin confirms that the “merge” will finally happen this summer. The merge is a highly anticipated upgrade to Ethereum that, if all goes smoothly, will shift the major blockchain from a proof-of-work mechanism to proof-of-stake.
Italian fashion house Gucci will allow cryptocurrency payments in some stores in the US. Forms of crypto accepted include Shiba Inu, Bitcoin, and Dogecoin.
A new NFT release from the Bored Ape Yacht Club overwhelmed the Ethereum network on Saturday night, causing gas fees to rise to thousands of dollars.
The ethereum merge could make the network more environmentally friendly, secure, and sustainable, but also send ETH's price and staking yields higher.
Ronin Network says thieves took Ether, USDC tokens on March 23. Bridge hacks can threaten the ecosystem of decentralized apps.
Ether staking yields are likely to be in the range of 10% to 15% following the Ethereum 2.0 upgrade, one trader said.
Crypto-centric hedge fund is bullish, long on Ethereum. Grayscale's Grider says it’s not a 'winner-take-all' market.
Ethereum has been a dominant force in crypto for several years now, and its Ether token is the No.2 cryptocurrency behind Bitcoin by market value. But its share of total value locked in DeFi, which was nearly 100% at the beginning of 2021, fell to around 70% over the course of year, JPMorgan said.
The move opens access to the new environment to a wider audience; earlier testnets were available only to developers.
Now, in the face of the Federal Reserve's increasingly hawkish attitude going into 2022, billionaire investor Mike Novogratz has said he expects the ethereum price to outperform bitcoin as the Fed looks to tackle inflation.
Crypto platform Polygon is buying startup firm Predicate Labs, the developer of the Mir blockchain protocol, in a deal valued at about $500 million as part of a broader strategy to help expand Ethereum’s capacity and pave the way for broader adoption.